How to Become Successful Real Estate Investors

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					            How to Become Successful Real Estate Investors

Successful investors are not the college graduates with doctoral degrees, but also men and
women of all races and lifestyles, people who were born in poverty and people who have
been the abundance, people began to investing at age 19 and people who start investing at
70 years old, people who engage in this activity part time and full time.

There are some features that all successful investors have in common which are as
follows:

1. Successful Investors have a plan and working

It's as easy as taking a pen and paper and figure out how to be financially independent
within two, five or ten years. Another thing is to get up every morning and do what needs
to be done to achieve that goal. Somehow, real life is always projecting long term.
Successful investors struggle against his tendency to "see the big picture" and they not
only create a list of goals, but they plan their day to day focus on achieving those goals.

Investments in real estate are the only profession in the country that has no standardized
curriculum of formal training. Because your success as a real estate investor depends
largely on your ability to obtain useful information and advice when you need it, and
because educational institutions in their local community do not teach critical issues such
as how treat a tenant does not pay, the only way to find answers is to find a mentor to
teach you the details of this activity.

Choose a mentor who has knowledge, motivated, accessible and meets high ethical
standards and business. Do not abuse the trust of your mentor by constantly asking for
information that you could get by reading. And do not forget to thank your mentor
inviting lunch, bringing gift vouchers of your favorite restaurant and of course, informing
interesting opportunities for him when you know them. Where can you find mentors?
Look in the non-profit associations of real estate investment associations or landlords.
There will be many people with whom to share.

2. Successful Investors only preserves the best

Most real estate investors sell their properties ineffectively. They retained a property year
after year despite losing money, which did not meet the objectives of the owner.
Successful investors review their portfolios at least once a year and get rid of all the
properties involving loss which can cause damage to their utilities.

3. Successful Investors protect their Assets

What would be a great portfolio in real estate if a single application can undo all the
achievements? Why bother to achieve financial independence if you achieve all that
could end up in state hands? Why the average real estate investors do absolutely nothing
to reduce its biggest annual cost - taxes? Organize everything to protect assets against
debtors, claims and taxes is very tedious, complicated and involves a long time.
However, successful real estate investors take the time to do so, ensuring that the in hard
earned money remains in their hands.

4. Successful Investors have a Code of Ethics

We tend to think of our investment activities in terms of bricks and money. The real
estate business is about people. Without sellers, tenants, contractors, Realtor and so on,
there would be no real estate business. And because your business activities affect many
other people, it is important to decide how to treat people who come in contact with you
every day.

Because there is no formal code of ethics for real estate investors, but it depends on us to
decide how to behave towards our customers, tenants, vendors, employees, and so on.
Take time to think about their activities and how they affect people with whom you have
contact.

5. The Successful Investor involves his family

A truly successful investor is one who has the support of his loved ones. It is so, because
your real estate activities generally involve spending thousands of dollars in a single
operation, and your business will take time for his family was booked.

It is important to sit down and talk with each of the members of your family who is old
enough to eat alone and explain what you are doing and why it is important for you to
have your help. If you have a partner who is reluctant to allow you to take a second
mortgage to invest in that house that you both want, send it to conduct a course on
investment. Some of the fears of their loved ones are very natural, but it will dissipate
when they understand what you are doing.

6. Successful Investors are trained permanently

The rules for real estate business changes time timely. So, a successful investor should be
able to upgrade the change in his real estate activities.

7. Successful Investors teach what they have learned

As successful investors have mentors, successful investors become mentors. In
transmitting their knowledge to novices, they keep the industry alive and give others the
opportunity to gain financial independence, while they feel very well on your own
achievements. That's What is called Success.

				
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